Firstenergy Corp Stock Price, News & Analysis

FirstEnergy Corp. (NYSE: FE) held its 2025 Annual Meeting where Board Chair, President and CEO Brian X. Tierney highlighted the company's transformation progress. The company's Energize365 capital investment program invested $4.5 billion in 2024, a 20% increase from 2023. FirstEnergy expanded its five-year investment target to $28 billion through 2029, including $5 billion planned for 2025. The company implemented an operating model redesign to enhance local decision-making across its five-state region. Shareholders reelected 10 directors and approved executive compensation while rejecting a proposal on lobbying activities reporting. FirstEnergy serves over 6 million customers across six states and operates approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

FirstEnergy Corp. (NYSE: FE) is implementing a proactive safety measure by temporarily suspending streetlight service in several Lake Erie communities during mayfly season. The initiative, affecting Port Clinton, Marblehead, and Erie Township, aims to prevent hazardous driving conditions caused by mayfly swarms attracted to streetlights. The seasonal suspension will begin in preparation for the mayfly emergence in late June and continue until September.

Mayflies, which emerge from Lake Erie's mud and live only 24-72 hours, can create dangerous road conditions due to the oily residue their carcasses leave behind. Ohio Edison, serving over 1 million customers across 34 Ohio counties, will resume streetlight service once the hatching season ends. The company advises pedestrians and cyclists to take extra precautions when traveling along affected roads, including wearing bright clothing and using sidewalks.

FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison have announced various programs and tools to help customers manage their electricity bills in West Virginia. The company is offering several key initiatives including:

The Average Payment Plan (APP), a budget billing option that spreads annual costs across 12 months to manage seasonal variations. Through MyAccount, customers can access the Analyze Usage tool for personalized energy-saving insights and usage tracking. The company also provides bill assistance programs and payment plans for qualifying customers.

Additionally, FirstEnergy shares energy-saving tips including weatherstripping, HVAC maintenance, and proper thermostat placement. Mon Power serves about 395,000 customers in West Virginia, while Potomac Edison serves 155,000 customers in the state's Eastern Panhandle.

Potomac Edison, a FirstEnergy Corp. (NYSE: FE) subsidiary, has announced various programs and tools to help customers manage their electricity bills as summer approaches. The company's key offerings include:

The Average Payment Plan (APP), a budget billing solution that spreads annual costs across 12 months to manage seasonal fluctuations. Through MyAccount, customers can access the Analyze Usage tool for personalized energy-saving insights and usage tracking. The company also provides bill assistance programs and payment plans for customers experiencing difficulties.

Additionally, Potomac Edison shared energy-saving tips including weatherstripping, HVAC maintenance, proper thermostat placement, and regular filter changes. The company serves approximately 285,000 customers in Maryland and 155,000 customers in West Virginia.

FirstEnergy (NYSE: FE) is deploying advanced LiDAR technology to manage vegetation along 7,100 miles of high-voltage power lines across its service area. The helicopter-based laser scanning system creates detailed 3D maps of terrain, power lines, and vegetation, enabling proactive identification of potential hazards. This initiative, running through fall 2025, has already helped inspect over 100,000 miles of transmission lines since 2016, reducing manual patrols by up to 50%.

The program is part of Energize365, FirstEnergy's grid evolution initiative with planned investments of $28 billion between 2025-2029. The technology enhancement supports vegetation management across Ohio, Pennsylvania, New Jersey, Maryland, West Virginia, and Virginia, serving over six million customers while improving service reliability and operational efficiency.

FirstEnergy Corp. (NYSE: FE) has appointed Michael Auseré as Vice President of Financial Planning and Analysis, effective June 2. Reporting to CFO Jon Taylor, Auseré will oversee the company's long-range planning and budgeting processes to support financial objectives and strategic initiatives. With over 25 years of energy industry experience, Auseré joins from Eversource Energy, where he served as VP of Business Development. His previous roles include VP of Financial Planning at Eversource, financial positions at Energy Future Holdings, and public accounting at PwC. FirstEnergy serves over 6 million customers across six states and operates more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

FirstEnergy (NYSE: FE) has appointed Tabrina L. Davis as Vice President, Communications, effective May 19. Davis will be responsible for developing and executing FirstEnergy's internal and external communications strategies, reporting directly to CEO Brian X. Tierney and joining the Executive Council.

Davis brings 20 years of communications leadership experience, most recently serving as VP of Communications, Marketing and Digital Strategy at Methodist Le Bonheur Healthcare. She previously held leadership positions at Wyn-Win Communications, Northrop Grumman, and Presence Health. Notably, Davis has utility industry experience from her 12-year tenure at ComEd, where she rose to VP of Communications.

She holds bachelor's and master's degrees in journalism and mass communication from Illinois State University and the University of Iowa, respectively.

Mon Power, a FirstEnergy Corp. (NYSE: FE) subsidiary, has planted and donated over 2,700 trees across its West Virginia service area this spring through its Green Team volunteer initiatives. The effort included tree plantings and giveaways in multiple locations including Fairmont, Hinton, Morgantown, Parkersburg, and Weirton. Notable projects included planting 1,200 trees in the Morgantown area and establishing pollinator gardens in Marion County parks.

This initiative is part of FirstEnergy's broader environmental commitment, with approximately 16,000 trees planted throughout its six-state service territory in 2025. The company's Green Teams, operating across five states, partner with various environmental organizations to promote sustainability and reduce FirstEnergy's carbon footprint.

The FirstEnergy Foundation has donated $25,000 to the American Red Cross to support disaster assistance efforts in communities served by FirstEnergy's Jersey Central Power & Light (JCP&L). The donation follows the Red Cross's response to the Jones Road Wildfire in Ocean County, which burned over 15,000 acres and forced the evacuation of 5,000 residents in April. The fire threatened more than 1,300 structures, leading to mandatory evacuations for 3,000 residents in Ocean and Lacey townships. JCP&L temporarily cut power to over 25,000 customers for firefighter safety. The Red Cross provided shelter, care, and meals to more than 300 people and supported first responders during the crisis.